Silver exchange

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Canadian Stocks – Each day at this time, Stephen Whiteside of theuptrend.com takes a look at the major trend changes in the Canadian stock market. This analysis includes gold, crude oil, the Canadian dollar and US dollar. For more information please visit
http://www.theuptrend.com/energy/canadian-energy-stocks.html

Gold and Silver’s Daily Review
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RENO, NV–(Marketwire - May 17, 2010) - Silver America, Inc. ( OTCBB : SILA ) (”Silver America” and/or “the Company”) is pleased to announce the appointment of seasoned Mining Engineer, Mark See, to the Company’s growing management team in the role of VP of Exploration. Mark brings over 23 years of experience in exploration, mining and the petroleum industries. He was selected by The … read more…

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Open Question: HELP PLEASE! Economics: Money, Federal Reserve, and Government?
Money, Federal Reserve, and Government?
I REALLY REALLY APPRECIATE YOUR HELP! THANK YOU!

1. Which of the following is NOT a characteristic common to all forms of “money”? (Points :1)
It serves as a store of value and purchasing power.
It is durable and portable.
It must either be or represent something with inherent value, such as gold or silver.
It serves as a widely accepted medium of exchange for goods and services.

2. In the early days of the U.S. economy, banking was considered a risky industry. Which of the following is the most likely explanation? (Points :1)
Up until the 1930s, the United States used a representative money system, and banks printed too much paper money.
Up until the 1930s, the United States used a fiat money system, and the U.S. government had not yet established credibility with the people.
Up until the 1930s, bank robberies were very common since banks kept large amounts of cash in their vaults.
Up until the 1930s, banks printed paper money that was not very durable and easily destroyed at great financial loss to the banks.

3. _______________ is a form of money that circulates in place of a valuable item. (Points :1)
Representative money
Commodity money
Fiat money
Near money

4. What kind of money is in use in the United States today? (Points :1)
Representative money
Commodity money
Fiat money
Hard currency

5. A sudden increase in the money supply would cause the dollar to lose value. This phenomenon is also known as: (Points :1)
Durability
Portability
Deflation
Inflation

6. Which of the following statements is correct about M1 and M2, the two measures economists use to assess the money supply? (Points :1)
At any given time, M1 will be larger than M2.
M1 is the sum of all commodity money, representative money, and fiat money in the economy at any given time.
M2 is the sum of all currency, coins, checkable deposits, traveler’s checks, and near money in the economy at any given time.
Savings accounts are included in the calculation of both M1 and M2.

7. An example of “near money” is: (Points :1)
money that is involved in an electronic transaction, but does not actually exist anywhere in cash form
money deposited in a checking account
money deposited in a savings account
a traveler’s check, which can be redeemed for actual money

8. In colonial Virginia, tobacco was used as a form of money. What type of money was this? (Points :1)
Near money
Commodity money
Fiat money
Hard money

9. In the United States today, why does a one-dollar bill have value? (Points :1)
It represents a specified amount of gold on reserve at Fort Knox.
It represents a specified amount of gold or silver on reserve at the U.S. Mint.
The government has declared it valuable and people recognize its value.
The paper it is printed on is a valuable commodity.

10. Which of the following statements is TRUE of cash currency in the U.S. economy? (Points :1)
It represents 100 percent of the money supply.
It represents a large percentage of the money supply.
It represents a small percentage of the money supply.
It is not counted as part of the money supply, since it is only representative of hard currency.

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